UK - Just as the UK pensions industry is agreed that FRS17 is having a devastating effect, fears are growing that the full impact of the new accounting standard on the shortfall in British Airways' pension schemes may be even worse than initial figures revealed.
BA has closed the newer of its two schemes - the New Airways Pension Scheme (NAPS) - to new members after revealing a combined FRS17 shortfall of £394m. The Airways Pension Scheme (APS) – originall...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here